Dropping Autopac rates a hit with drivers
Motorists will see a decrease in what they pay for auto insurance next year, thanks to an overall Manitoba Public Insurance rate drop of eight per cent.
Manitoba’s Public Utilities Board ordered its largest rate decrease on Friday, which is up from the proposed 6.85 per cent drop the Crown auto insurer had asked for.
"It’s certainly within (the PUB’s) mandate to do that and they made that adjustment based on our financial strength," MPI spokesman Brian Smiley said. "They reviewed the financials and felt that the decrease could be lower and we’re absolutely fine with that."
Westman motorists out shopping on Sunday afternoon were pleasantly surprised by the news.
"That’s awesome. If the rates do come down, it’ll certainly help us motorists," said Kerrie Boyer. "We’ve been paying high enough, and getting all these little rebate cheques, which is kind of ridiculous."
The amount that a typical driver saves will vary.
"It’s going to depend what you’re driving, what discounts you have," Smiley said. "Individual rating groups are adjusted accordingly, so some people may see an eight per cent decrease, others may not see that overall eight per cent decrease."
Whatever the amount, Boyer said any saving is a good thing.
"It’s not huge, but at least it’ll go towards our fuel," he said. "We’re spending more on fuel as it is, so it’ll certainly help us when we’re travelling."
Jody Caslick said MPI should keep the rates down instead of sending rebate cheques.
"They should lower the rate totally instead of saying, ‘Well, you overpaid, now we’re going to give it back,’" Caslick said.
"You already paid your money, so you’re getting your own money back."
Another shopper, Wendy Park, said the rate decrease should have happened a long time ago.
Manitoba Auto Insurance Online - News
Motorists will see a decrease in what they pay for auto insurance next year, thanks to an overall Manitoba Public Insurance rate drop of eight per cent. Manitoba's Public Utilities Board ordered its largest rate decrease on Friday, which is up from the
helped account for more than $37.1 million auto-collision claim payments last winter. The totals by province are included below. The stats don't include Saskatchewan, British Columbia and Manitoba, as they have government run auto insurance programs.
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Is auto insurance in Manitoba private or pubic? How is auto ...
Insurance in MB is public and governed by the province. One insurance, one level of coverage, and you cannot sue for pain/ suffering. Price is also set by number of demerits or based on driver experience. In ontario, insurance is private but still regulated somewhat by the government. In Ontario you can sue up to a certain amount for pain and suffering. Usually drivers under 25 years of age pay huge premiums regardless of driving history, in MB that is not the case. Hope that helps.